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Andrzej Targosz

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At a glance

Full Name
Andrzej Targosz
Title
Co-Founder & Managing/General Partner (Bitspiration Booster); Founder & CEO (Eventory)
Firm
Bitspiration Booster VC
Firm Type
Early-stage deep-tech VC / active angel investor
Investment Stage
Pre-seed and Seed
Check Size
~$50K–$1M (Bitspiration Booster fund tickets)
Target Company Profile
"Ambitious founders building unique technologies and striving for category leadership" — often technical teams whose science is misunderstood or passed over by generalist VCs
Sector Focus
Deep tech and "resilient technologies" — MedTech, cleantech, robotics/autonomous systems, semiconductors/photonics, industrial, food & agri-tech; historically also consumer/mobile and enterprise software as an angel
Geographic Focus
Central & Eastern Europe (CEE), with a strong home base in Poland (Kraków, Warsaw, Wrocław)
Location
Kraków (Cracow) Metropolitan Area, Poland

Background

Andrzej Targosz is a serial technology entrepreneur, community-builder, and investor based in Kraków, Poland, often described as one of the "gurus" of the Polish startup ecosystem. He holds a Master of Science in Robotics from AGH University of Science and Technology in Kraków (1997–2002) and has been building companies since the age of 17. Over his career he has founded or led more than six companies, most prominently the PROIDEA Foundation — organizer of premier Polish tech and startup conferences (including the Bitspiration Festival) — and Eventory, an event-management software platform (web, mobile, and beacon technology) widely used at major IT, business-services, and banking conferences in Poland. Eventory was later acquired and now operates as "Eventory by 6connex."

His startup and investing journey scaled up around 2014, and as an angel he became an early backer of several notable Polish hardware and deep-tech companies — Estimote (Bluetooth/IoT beacons), Intelclinic (the Neuroon smart sleep-mask/wearable), and JIVR (a foldable, chainless electric bike), among others.

In 2020, Targosz co-founded Bitspiration Booster VC alongside Paulina Mazurek, Robert Chang, and Wojciech Burkot, growing it out of the Bitspiration Festival community. Bitspiration positions itself as one of the only early-stage, deep-tech VCs in the region focused on "resilient technologies," and reports having deployed $10M+ across 30+ breakthrough-technology companies. Targosz serves as Co-Founder and Managing/General Partner, sourcing and backing science- and engineering-heavy founders across CEE.

Investment Thesis & Focus

  • Stage: Pre-seed and seed; the earliest, highest-conviction rounds where technical risk is greatest.
  • Check size: Roughly $50K–$1M per company through the Bitspiration Booster fund.
  • Sectors: Deep tech and "resilient technologies" — MedTech, cleantech, robotics/autonomous systems, photonics/semiconductors, industrial, and food & agriculture tech.
  • What makes him say yes: He is drawn to hard-tech teams whose science is under-appreciated. He has stated that the best investment is often a startup *rejected by other VCs who didn't understand the technology* — technical depth and category-defining ambition are the draw.
  • Partnership model: Bitspiration frames capital as being "a true partner to founders," and runs a distinctive profit-sharing structure in which every portfolio founder participates in the fund's overall returns.
  • Geography: Founders with roots in Central & Eastern Europe, especially Poland.

Notable Investments

  • Estimote — early leader in Bluetooth/IoT beacons; one of his best-known early bets.
  • Intelclinic (Neuroon) — smart sleep-mask / sleep-tracking wearable.
  • JIVR (JIVR Bike) — foldable, chainless smart electric bicycle.
  • ZNIKA — eco/sustainable packaging startup; seed round (~$286K, Aug 2022, alongside LT Capital).
  • Proteine Resources — autonomous insect-protein factory producing high-protein (≈67%) insect-based pet-food/animal-feed and beef alternatives; raised €9.5M (July 2025), with later rounds reported around $13M+.
  • Fluence — Warsaw-based developer of fiber lasers for semiconductor, biomedical, and device fabrication; seed round (2025), ~$9M total funding.
  • Hydropolis — Kraków-based developer of vertical hydroponic "smart cultivation" systems for commercial farming (founded 2018).
  • Additional portfolio names reported include MX Labs and Inverted AI.

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